ADS-TEC Energy (NASDAQ:ADSE) Stock Jumps 5.9% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) shares were up 5.9% during mid-day trading on Wednesday. The stock traded as high as $9.60 and last traded at $9.8940. Approximately 28,162 shares traded hands during mid-day trading, an increase of 108% from the average daily volume of 13,523 shares. The stock had previously closed at $9.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

ADS-TEC Energy Stock Down 3.3%

The company has a fifty day moving average of $11.10 and a 200-day moving average of $11.49.

ADS-TEC Energy (NASDAQ:ADSE) last posted its earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $4.20 million during the quarter.

About ADS-TEC Energy

ADS-TEC Energy plc (NASDAQ:ADSE) develops battery-based energy storage and ultra-fast electric vehicle charging systems. Its technology combines high-power charging equipment with integrated battery storage, allowing charging stations to deliver substantial power even where the local electrical grid has limited capacity.

The company’s product portfolio includes the ChargePost and ChargeBox systems, which are designed for rapid EV charging, as well as associated energy-management software and services.